# SET welcomes Integrated ICT solution provider “SPREME” on May 2

- Link: https://www.thailand-business-news.com/markets/138694-set-welcomes-integrated-ict-solution-provider-spreme-on-may-2
- Published: 2024-04-30T20:32:48+07:00
- Author: SET News

**The SET exchange welcomed SPREME, an integrated ICT solution provider, on May 
2. This marks SPREME’s debut on the IPO market.**

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The Stock Exchange of Thailand (SET) will list Supreme Distribution pcl, a comprehensive
information and communication technology solution provider, under the ticker symbol“
SPREME” on May 2, 2024.

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The company has a market capitalization at its initial public offering (IPO) of 
THB 1.92 billion (USD approx. 51.91 million).

SET Senior Executive Vice President Manpong Sananarong said SPREME would be listed
and start trading on SET in the Technology industry group, Information & Communication
Technology sector.

SPREME has been providing information and communication technology services for 
over 30 years. The company offers designing, procuring, and installing services,
and distributes equipment related to integrated information technology and network
systems (System Integrator) covering hardware, software, network systems such as
LAN, WAN, WLAN, Cyber Security systems, Data Center systems, etc. The company also
provides maintenance, repair and rental services for computer systems and peripheral
devices, focusing on government customers, especially education-related agencies.
SPREME has expertise and is a major distributor of educational software from Microsoft.
With good relationships with internationally renowned manufacturers, the company
is able to supply high-quality products and receive knowledge transfers to constantly
develop services that keep pace with modern technology, earning continuous trust
from customers. As of December 31, 2023, the company had a backlog worth THB 442
million which will be gradually recognized as revenue from 2024 onwards.

SPREME has a paid-up capital of THB 370 million with a par value of THB 0.50 each.
the company’s 200 million IPO shares consisted of 20 million existing ordinary shares
held by PSN Capital Limited (a company controlled by the Khantamoleekul family group)
and 180 million newly issued ordinary shares. Of the total IPO shares, 160 million
shares were allotted to persons at the underwriters’ discretion and institutional
investors, 30 million shares to the company’s patrons, and 10 million shares to 
the company’s directors, executives and employees during April 23-25, 2024 at a 
price of THB 2.60 per share, raising THB 468 million. Finnex Advisory Co., Ltd. 
is the financial advisor and Finansa Securities Co., Ltd. is the lead underwriter.

SPREME Chief Executive Officer Panuwat Khantamoleekul said the listing on SET would
support the company’s growth in accordance with the established strategies, both
in terms of business and driving the country’s educational technology, increasing
competitiveness and creating long-term added value to become a leader in information
technology in Thailand. The proceeds from the fundraising would be used to support
bidding for large projects, acquire business, and as working capital.

SPREME’s three largest shareholders after the IPO are 1) the Khantamoleekul family
group (Persons and Juristic person) (67.57 percent), 2) the Panuwat and Suporn sibling
group (6.15 percent), and 3) Suan Snidvongs Na Ayuthaya (0.61 percent). The IPO 
price has been determined based on market comparable approach by comparing SPREME
to other similar listed companies, representing price to earnings ratio (P/E) of
12.29 times. The earnings per share is equal to THB 0.21 which was calculated from
the company’s net profit over the past four quarters (from January 1, 2023, to December
31, 2023), divided by fully diluted shares. SPREME’s dividend policy is to pay no
less than 40 percent of net profit from separate financial statements after corporate
income tax and legal reserves.

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For more information on SPREME, please see the company’s prospectus at the Securities
and Exchange Commission’s website at www.sec.or.th; and for general information,
please visit www.supreme.co.th and www.set.or.th.

**Source** : [News ](https://www.aseanexchanges.org/content/set-welcomes-integrated-ict-solution-provider-spreme-on-may-2/?rand=138677)